Desirable office space available to lease in New York
Elie Tahari's lease was expiring on Seventh Avenue and 36th Street. His space was depressing, dark, and obsolete. His needs were for a unique space that would attract new customers, as well as inspire him to design and create new products. We secured for him a seven and a half year sublease on the 48th floor of 1114 Avenue of the Americas at $22.00 for half the term and $24.00 for the second half, where the sublessor was asking $35.00.Tahari's sales went up ten-fold and secured him as one of the top designers in the world.
We later rented him nine additional spaces totaling approximately 250,000 square feet, including the entire 8th Floor of 1114 Ave of the Americas, Entire 14th Floor of 11 W 42nd Street, 3rd Floor at 510 Fifth Avenue, 2nd Floor of 520 Fifth Avenue. Later, we concluded the purchase of 510 Fifth Avenue (Chase Manhattan Bank Building).
> Mr. Tahari will tell you that a major portion of the success of his business came from the deals which were negotiated by Norman Bobrow & Co., Inc.